The Solicitors Regulation Authority (SRA) has unveiled ambitious plans to overhaul key pillars of the regulation of the profession in order to cut red tape, improve competition, cut costs and ensure that regulation is properly targeted.
Loss and gain: Ashurst loses City corporate partner as KWM finance partner joins in Sydney
Ashurst yesterday (12 May) saw both sides of the lateral hiring coin as it announced the hire in Sydney of King & Wood Mallesons finance partner Jennifer Schlosser but lost London corporate partner Fabio Pizzoccheri, who has left the firm to launch Grimaldi Studio Legale’s (GSL’s) new City office.
Financial results 2014: double-digit growth in UK as Osborne Clarke unveils 26% turnover rise
Following a year of further international expansion and lateral hires, Osborne Clarke (OC) today (12 May) announced that its global revenue for 2013/14 has jumped by 26% to €169m, thanks to a ‘more confident’ market and its targeted sector focus.
Irwin Mitchell’s outgoing chief executive John Pickering on change in the sector and why it was time to hang up his boots
Announcing his retirement last month, Irwin Mitchell’s longstanding head and current group chief executive John Pickering pointed to ‘the changing legal sector’ and his desire for the firm to have settled long-term senior management.
Speaking to Legal Business, Pickering (pictured), who joined the firm as an articled clerk in 1977 and now plans to pursue non-executive director positions elsewhere, explains his reasoning behind the decision.
Comment: Shock horror – economic revival makes it as impossible as ever to make partner
It’s not going to come as a huge shock to our readership of jaded veterans to hear this but the 2014 promotion rounds from the UK’s top law firms have confirmed that the striking revival in business confidence over the last 12 months has made pretty much no improvement in partnership prospects.
Revolving Doors: Strategic UK hires for Irwin Mitchell; Simmons; Speechly and Winckworth Sherwood
A series of lateral hires across the UK last week saw Irwin Mitchell take on a trio of commercial litigation partners from Eversheds, DLA Piper and Matthew Arnold Baldwin (MAB), while Simmons & Simmons bolstered its information technology team with a hire from DLA, and Speechly Bircham and Winckworth Sherwood hired into their planning and real estate practices respectively.
The Crown Estate’s Peeke to join Land Securities in legal head role
Land Securities, the UK’s largest listed property company, has hired The Crown Estate’s deputy head of legal Alex Peeke as head of legal, taking over the day-to-day conduct of the legal function and operations and reporting to group general counsel (GC) and company secretary Adrian de Souza.
Guest post: Pfizer’s bid for AstraZeneca – what can the government do?
On April 28, Pfizer announced a possible offer to buy AstraZeneca, presumably having thought an announcement was required by rule 2.2 of the Takeover Code. The result is that, under the relatively new ‘put up or shut up’ rule now embodied in rule 2.5 of the Code, Pfizer has until 5 o’clock on May 26 – the 28th day after its announcement – in which to make a firm offer.
Wedlake Bell’s acquisitive streak continues as Christopher Tite and Louise Gowman join from LG; Clive Thorne from RPC
The recent acquisitive streak by Wedlake Bell has seen the UK top 100 firm bring in legacy Lawrence Graham’s (LG’s) former head of corporate Christopher Tite and projects and infrastructure partner Louise Gowman, alongside RPC IP and technology partner Clive Thorne.
Updated: A&O freezes NQ and trainee pay as it ups associate salaries; Linklaters announces increases across board
Allen & Overy (A&O) revealed today (8 May) that it will hold trainee and newly-qualified (NQ) lawyers’ pay at 2013 levels, while Linklaters has unveiled pay increases for all associates and trainees.